New Castle News

Local News

April 26, 2014

Downtown firm plans expansion

NEW CASTLE — A downtown New Castle firm is looking to expand.

Treloar & Heisel Inc. plans to purchase the former Verizon building on South Mercer Street with the help of state funding.

The insurance firm has its headquarters at the corner of East Washington and Mill streets. The firm moved from Neshannock Township to the former bank building a few years ago.

Matt Staniszewski, community and economic development director, said the total project cost is $555,000 for acquisition and renovation of the vacant building.

The firm will receive $150,000 from the state Redevelopment Assistance Capital Program grant. On Thursday city council approved a reallocation of funds in the RACP budget for Treloar & Heisel.

Plus, the company will invest $405,000 of its money,  Staniszewski said.

He noted that this is an expansion project and Treloar & Heisel will continue to maintain its current location.

Staniszewski added that the new building “will house high paying professional jobs,” and said the project will have “an economic impact.”

An attempt to reach D. Scott Fehrs, chief executive officer of the firm, was unsuccessful.

Staniszewski said interested parties were given the opportunity to obtain a formal grant application for RACP funds.

“We had only one applicant and they (Treloar & Heisel) successfully completed the application.” He said the firm was able to present a plan and “demonstrate an economic impact.”

The state Department of Community and Economic Development must approve the revisions to the RACP funds.

Other revisions approved by council include $80,000 for electrical upgrades, installing signs guiding visitors to specific areas and venues in the downtown and bicycle racks.

Another $120,000 will be used for improvements to the Temple and Capital Grill parking lots between North and Falls streets and new parking meters.

These funds are all that remain to be allocated from the $5 million RACP grant the city received for downtown improvements.

(Email: jmanna@ncnewsonline.com)

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